Target is stepping up store staffing, but eliminating about 500 jobs in distribution centers and regional offices, CNBC reported Monday citing an internal memo.The company will reduce the number of store districts — the geographic areas that its nearly 2,000 stores are broken into, which have dedicated staffing — and put money toward more hours for frontline store employees, the report said.Target said it was making changes to the way it runs and oversees stores to improve the customer experience, a top goa ...

Core Insights - A massive data breach at Conduent has affected at least 25 million Americans, including approximately half of Texas' population, exposing sensitive information such as Social Security numbers and health insurance data [1][4] - The breach, which began in October 2024 and was discovered on January 13, 2025, has led to significant litigation against Conduent for failing to protect sensitive data and delaying notification to victims [5][6] Data Breach Details - Texas revised its estimate of affected individuals from 4 million to 15.4 million, marking a 285% increase, while Oregon estimates around 10.5 million individuals may have been impacted [4] - Other states, including Delaware, Massachusetts, and New Hampshire, also report hundreds of thousands of affected individuals [5] Legal and Financial Implications - A plaintiffs' steering committee was appointed to oversee the litigation, which could result in substantial damages and regulatory penalties for Conduent [6] - Conduent operates critical backend systems for state governments, processing over 500 million Medicaid claims annually and disbursing tens of billions of dollars in public benefits [7] Ransomware Attack Specifics - The attack was executed by the SafePay ransomware group, which claimed responsibility and reportedly siphoned approximately 8.5 terabytes of data from Conduent [7][11] - SafePay has threatened to publish the stolen data unless a ransom is paid, although Conduent has not confirmed whether any ransom was demanded or paid [8][10] Company Performance - Conduent's stock has significantly declined, losing 90% of its value since peaking at over $23 per share in 2018, and is currently trading around $1.50 per share [10]

Core Insights - Dana Walden, appointed as the No. 2 executive at Walt Disney Company, will earn a base salary of $3.75 million, which is 50% higher than that of her boss, Josh D'Amaro, who will receive a base salary of $2.5 million [1][2][5] Compensation Structure - Walden's compensation package includes a one-time stock award valued at $5.26 million and an annual bonus potential of up to 200% of her base salary, leading to a total target compensation of approximately $27 million per year, excluding the one-time grant [3] - D'Amaro's compensation is more performance-driven, with an annual bonus potential of up to 250% of his base salary and long-term stock incentives amounting to about $26.2 million per year, resulting in a total target compensation of around $35 million, excluding a separate one-time equity award of approximately $9.7 million [4] Hierarchical Structure - Despite Walden's higher base salary, the overall compensation structure maintains a traditional hierarchy, with D'Amaro's total pay package and long-term upside being larger [6] Candidate Background - D'Amaro, a nearly three-decade veteran at Disney, was viewed as a steady operator with significant institutional knowledge and a successful track record in managing the company's most profitable segments [6][9] - Walden was considered a strong internal candidate due to her extensive relationships in Hollywood and her leadership in Disney's television and streaming sectors [10] External Influences - Reports suggest that Walden's long-standing relationship with former Vice President Kamala Harris may have negatively impacted her chances for the CEO position, although Disney sources have disputed this claim [12]

A fresh selloff could hit Wall Street as soon as this week, with Goldman Sachs’ Panic Index signaling markets are near “max fear” despite Friday’s rally.Analysts at Goldman’s trading desk estimate that as much as $33 billion of selling could hit US equities this week, telling investors that they need to “buckle up,” according to Bloomberg News.If the S&P 500 falls below 6,707, an additional $80 billion could be shed over the next month, Goldman analysts estimated. 3 A fresh selloff could hit Wall Street a ...

Core Viewpoint - A top Meta researcher has warned that there could be as many as 500,000 cases of online sexual exploitation per day on Facebook and Instagram, highlighting significant safety concerns regarding the platforms' impact on children and teenagers [1][3]. Group 1: Legal Proceedings and Allegations - New Mexico Attorney General Raul Torrez has initiated a case against Meta, accusing the company of exposing children to sexual exploitation and mental health risks through inappropriate messages and human trafficking [2]. - The lawsuit claims that the consequences of Meta's actions have contributed to a teen social media crisis, resulting in increased anxiety, depression, self-harm, and suicides among young users [2]. - Internal communications from Meta indicate that the company was aware of the scale of the problem, with one researcher estimating that around 500,000 victims were targeted daily in English-speaking markets [3][4]. Group 2: Internal Insights and Concerns - Malia Andrus, a former Meta employee focused on child safety, expressed concerns in an internal email about the effectiveness of age-verification tools, stating they were easily circumvented [11][14]. - Andrus also highlighted the unprecedented scale at which predators could target children on Meta's platforms, emphasizing the potential ramifications of such interactions [4]. - The lawsuit has revealed disturbing details, including test accounts being bombarded with explicit content and solicitations from alleged predators [10]. Group 3: Meta's Response and Ongoing Challenges - Meta has publicly defended its efforts to protect children, claiming that the internal discussions cited in the lawsuit were part of an ongoing commitment to child safety [12][20]. - The company faces multiple legal challenges this year, including a trial in California regarding social media addiction among young users and an antitrust lawsuit from the FTC [5]. - Meta's CEO Mark Zuckerberg has been criticized for allowing minors to use AI chatbots despite warnings from safety staff about potential misuse [19].

Core Viewpoint - Kroger is set to appoint Greg Foran as the new CEO, following the ousting of Rodney McMullen due to personal conduct issues [1][5]. Group 1: CEO Appointment - Kroger has been searching for a permanent CEO since the removal of Rodney McMullen last year [4]. - The announcement of Greg Foran's appointment is expected as soon as Monday [2]. - Foran previously served as the CEO of Air New Zealand and was the president and CEO of Walmart's US operations [6]. Group 2: Greg Foran's Background - Foran led Air New Zealand from February 2020 to October 2025, managing crises during the COVID-19 pandemic [4]. - Under Foran's leadership at Walmart's US operations, the unit experienced 20 consecutive quarters of comparable sales growth [5].

Core Viewpoint - The Justice Department is investigating Netflix for potential anticompetitive practices related to its proposed acquisition of Warner Bros. Discovery, which may indicate broader scrutiny of Netflix's business model [1][9]. Group 1: Investigation Details - The DOJ has issued a civil subpoena to another unnamed entertainment firm, seeking information on any exclusionary conduct by Netflix that could entrench its market power [2]. - The investigation may provide the DOJ with a legal basis to challenge the Warner Bros. deal if evidence of monopolistic behavior is found, although the investigation is expected to take a considerable amount of time [5][6]. Group 2: Proposed Deals - Netflix has agreed to acquire Warner Bros. Discovery's studio and streaming business for $72 billion, paying $27.75 per share, which could create a significant player in the entertainment industry [3]. - Paramount has made a $77.9 billion hostile bid for the entire Warner Bros. Discovery company, arguing that its offer provides better value compared to Netflix's proposal [3][4]. Group 3: Market Impact - Concerns regarding the investigation have negatively impacted Netflix's stock price, which has decreased by over $160 billion in market value in the past six months [10]. - If the merger between Netflix and Warner Bros. Discovery proceeds, the combined entity would control approximately 30% of the U.S. subscription service market, raising antitrust concerns [11]. Group 4: Company Responses - Netflix's legal representatives assert that the DOJ is conducting a standard review of the merger proposal and have not indicated any separate monopolization investigation [6][8]. - A Netflix spokesperson stated that the company is engaging constructively with the DOJ as part of the standard review process for the acquisition [8].

Company Overview - Once Upon a Farm, co-founded by actress Jennifer Garner, specializes in organic food for children and was valued at $844.9 million during its IPO debut [1][3] - The company offers a variety of packaged food products for children, including cold-pressed pouches, pantry snacks, frozen meals, and oat bars [3][4] IPO Details - The company's shares opened at $21, which is 17% higher than the initial offer price of $18 [1][3] - Approximately 11 million shares were sold within the marketed range of $17 to $19, raising about $198 million [1] Market Context - Consumer-focused companies are showing increased optimism regarding the IPO market this year, following a downturn caused by President Trump's tariffs last year [2]

Market Performance - Wall Street is experiencing a rebound, with the Dow Jones Industrial Average rising 1,035 points, or 2.1%, nearing 50,000, and the Nasdaq composite increasing by 2% [1] - The S&P 500 rose 1.7%, aiming for its second gain in the last eight days, despite still heading toward its third losing week in four [1][4] Technology Sector - Chip companies significantly contributed to the market gains, with Nvidia rallying 6.2% and Broadcom climbing 5% [2] - Amazon announced plans to invest about $200 billion this year in areas like AI, chips, and robotics, which raised concerns about the potential return on such heavy spending, leading to an 8.5% drop in its stock [3] Consumer Sentiment - A preliminary report indicated a slight improvement in US consumer sentiment, particularly among households owning stocks, which is beneficial for the S&P 500 [12] - Airline stocks showed strength, with United Airlines gaining 7.1%, American Airlines 6.3%, and Delta Air Lines 5.7%, driven by expectations of increased consumer spending on travel [14] Cryptocurrency Market - Bitcoin stabilized after a significant decline, rising back above $68,000 after dropping close to $60,000 [5][13] - The recovery in Bitcoin positively impacted stocks of companies involved in the crypto economy, with Robinhood Markets jumping 13.5% and Coinbase Global rising 9.5% [9] International Market - European indexes rose despite Stellantis experiencing a nearly 26% drop after announcing a €22 billion ($26 billion) charge due to adjustments in its electric vehicle production strategy [15]

Core Viewpoint - Stellantis shares dropped significantly by 25% after announcing a $26.5 billion charge related to a business overhaul, including a retreat from electric vehicle ambitions [1][10] Financial Impact - The stock's decline could mark the largest one-day drop on record, erasing over 5 billion euros from the company's market capitalization [2] - The majority of the $26.5 billion charge includes $17.3 billion (14.7 billion euros) for realigning product plans with customer preferences, particularly a pullback in fully-electric products [5] Strategic Direction - Stellantis CEO Antonio Filosa emphasized the company's commitment to operate as a unified group despite speculation about selling off some brands [4] - The company aims to remain at the forefront of electric vehicle developments but will adjust its pace based on demand rather than command [7] Future Projections - Stellantis is forecasting a net loss for 2025, with expectations of a mid-single-digit percentage increase in net revenue and a low-single-digit increase in adjusted operating income margin for 2026 [8] - The company acknowledged the impact of previous poor operational execution on its current situation [8] Industry Context - Other automakers like Ford and General Motors have also reported significant charges related to reduced electric vehicle plans, but Stellantis' charge is notably larger than theirs [6]